12:26 - 25.09.2025

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September 25, Fineko/abc.az. Global copper prices jumped after Freeport-McMoRan declared force majeure on supplies from the largest Grasberg mine in Indonesia, the second largest source of copper in the world. The company also lowered its forecast for copper and gold sales for the quarter due to the state of emergency and the ongoing search for five missing employees after an accident that claimed the lives of two workers, ABC.AZ reports, referring to Bloomberg.

On the London Stock Exchange, the price of copper for delivery in three months grew by 3.6%, to maximum for the year - $10,336.5 per ton. Freeport shares fell by 15% in New York, while competitors, including Glencore and Teck Resources, rose.